In 1995,the General Agreement on Tariffs and Trade (GATT),which Was

question 146

Multiple Choice

In 1995,the General Agreement on Tariffs and Trade (GATT) ,which was established in 1948,was replaced by the World Trade Organization (WTO) .Why did members of the GATT push for the establishment of the WTO?

• A)The GATT agreement only covered trade in goods.The WTO was created to cover trade in goods,services,and intellectual property.
• B)The charter of the GATT had run out and a new organization was needed to promote international trade.
• C)The creation of the European Union (EU)made the GATT obsolete.The WTO was formed to regulate trade between the EU and other nations.
• D)By 1995 tariffs had been eliminated.The WTO was created to reduce non-tariff trade barriers.

Identify global trends in breastfeeding duration.

Explain the concept of early scripts in cognitive development.

Describe the characteristics of the preoperational stage in cognitive development.

Understand that children's cognitive development may be more advanced than Piaget originally believed.

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Definitions:

Periodic Inventory System

An accounting method where the inventory level is updated in the accounting records at specific intervals, rather than after each sale or purchase.

Perpetual Inventory System

An inventory management method where stock levels are updated in real-time with each sale or purchase.

Purchases Discounts

Reductions in price offered by suppliers to buyers as an incentive for early payment of their purchase invoices.

Periodic Inventory System

An inventory valuation method where updates to inventory levels are made periodically, typically at the end of an accounting period, rather than after each sale or purchase.